Top management and board interaction: A study through framing strategic process

Abstract

The boards role can be envisaged from three dimension that of contribution, counseling and controlling. The board with their years of experience and expertise are able to contribute as well as counsel the CEO/top management in the strategy formulation as well as its execution. As a first step, this research focuses on understanding the strategy process in organisation how top management collectively engage in framing, shaping and deciding on strategy. The main focus of this research is on the dynamic interaction between key actors and its implications for strategy formation over time.